Future of the Budget Battle

That’s the consensus from House Republican Budget Chief Paul Ryan and Senate Democratic Leader Harry Reid. Both admit long-standing, deeply-entrenched differences make a so-called ‘grand bargain’ pretty much impossible. Instead, they’ll look at specific ideas they can agree on, instead of just repeating familiar principles on which neither side will compromise. Ryan also says they hope to find common ground on specific reductions — enough to eliminate the need for another round of the across-the-board cuts known as sequestration.